Nirdhan Utthan Earns Net Profit of Rs 333.2 Mn

Feb 03, 2019 Merolagani

Nirdhan Utthan Laghubitta (NUBL) has earned a net profit of Rs 333.2 million in the second quarter of the current FY compared to Rs 269.4 million of the corresponding period of the last FY.

The company with Rs 1.20 billion in paid-up capital has reserve fund of Rs 1.14 billion.

In the review period, the company collected deposit of Rs 9.68 billion, borrowed Rs 6.98 billion and extended loan of Rs 17.09 billion.

The company earned Rs 769.2 million in net interest income during the period. The company has bad debt ratio of 1.09 percent,  cost of fund of 8.98 percent, EPS OF Rs 55.54, net worth per share of Rs 195.76 and P/E ratio of 13.77 times.

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